Taminco reports narrower net loss, sales up

2:06 PM MST | February 26, 2014 | Lindsay Frost

Taminco announced its fourth-quarter results today, citing strength in volumes and sales but still reporting a net loss. A net loss of $7 million improved over the net loss of $28 million reported in the same quarter last year. A reported loss of 13 cts/share was below analyst estimates of a gain of 7 cts/share, according to Thomson Reuters (New York). Sales of $1.2 billion increased 8% year-on-year (YOY). The company says adjusted Ebitda for quarter was $57 million, up 16% from the year-ago quarter because of volume growth, product mix, and pricing...